Well ain't this something!
Inventories surging! Usually that is bad and suggests an unexpectedly slowing economy.
But in this context it also means the supply chain crisis has ended. Lots of merch available for wholesale. Bullish.
it also means demand is down so inflation may ease so the Fed can chill. Bullish.
It also means that stores stuck with all that inventory will cut its price, which will be deflationary so the Fed can chill. Bullish.
Things are moving fast. If a feeling spreads that the Fed could go on pause after the summer because inflation is cooling fast....very bullish for stocks.
Carl Quintanilla
@carlquintanilla
Inventory:
* Abercrombie: +45%
* Target: +43%
* Walmart: +24%
* Kohl's: +40%